Japan's core consumer price index (CPI), which excludes volatile fresh food prices, rose 1.6% year over year in June, according to data from the Ministry of Internal Affairs and Communications on Friday.
The latest pace of growth accelerated from the 1.4% increase in May, and was in line with the consensus forecast tracked by Investing.com.
Headline inflation likewise gathered pace to a six-month high of 1.7% from 1.5% in May.
Core-core CPI inflation, which excludes food and energy prices, decelerated to 1.7% in June from 1.8% a month ago.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments